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A consensual deal cuts legal costs and hastens a Chapter 11 exit, but plans block possible restructuring proposals that can curb cash payouts to lower-ranking creditors.
February 3 -
Environmental, social and governance issues topped the list of risk managers’ concerns in a Deloitte poll .
February 2
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AMC and American Airlines took advantage of surprise stock-price surges to cash out shares and raise liquidity for possible debt reduction — a massive stroke of good fortune for the companies as well as their creditors.
February 1
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The struggling movie-theater chain is among once-risky debt investments reaping big gains after day traders helped fuel the sudden stock surge.
January 29
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Cheap funding costs have extended a lifeline to many troubled companies, slowing the pace of U.S. bankruptcy filings, but shops, offices and hotels have been particularly vulnerable to the pandemic this month.
January 27
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About $16 billion across 43 deals in both new-issue and refinancing has prompted analysts into making early revisions to raise their initial volume forecasts.
January 26
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More may be on the horizon as lenders lose patience with defaulting property owners.
January 19
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Distressed debt funds on average gained 11.4%, according to Hedge Fund Research Inc., compared to the riskiest corporate bonds rising 2.3%.
January 11 -
Energy, retail and consumer services companies led a total of 244 filings, according to data compiled by Bloomberg.
January 5
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Bausch, formerly Valeant Pharmaceuticals, has paid down more than $24 billion of the $32 billion in leverage it owed five years ago from a debt-driven acquisition spree — which ended after a drug-pricing scandal.
January 4
